DJ, <<system in its entirety>> that is a story I can understand, and so I am staying with the Script, as opposed to New Paradigm Ec that says ‘release liquidity => prosperity can continue indefinitely’, which I cannot fathom however times I try, am not able to explain to others with any sincerity, and therefore better not believe in, contrary to Maurice.
BTW, last night’s dinner with a dozen friends yielded the following vignettes:
(a) Head of the SE Asia operation of a global cosmetics manufacturing firm tells me employees are forbidden to travel until 4 weeks after WHO announces it is OK to travel; regional sales of lipsticks etc are down 50% whereas it had held up until SARS hit.
(b) People who play golf said that the courses (including ones in S China) are choke-a-block full due to idle bosses.
(c) Folks are speculating that companies may discover through the current situation that one can do business without traveling, and therefore travel (business/commercial) may take a long time to recover; forget tourism for a few years, because the bad global economy will take over from the horrid SARS episode.
(d) The global and regional consulting firms are dead in the water, with no one selling, no one buying, no one traveling.
(e) The middleman trade logistic companies like Li & Fung finance.yahoo.com may benefit even if global trade decreases as they pick up business from weakening competitors (all smaller) and unable-to-travel buying offices of the big outfits like Walmart.
OT: remember what we talked about concerning the Indians a few weeks back? Fernandez is India’s Rumsfeld and had pegged China as enemy numero uno a few years back. Times change, situations develop, and China is still not needed as a friend to counter Pakistan, because Pakistan is too small, so I wonder what the man wants:0?
Message 18858546
But the N.Korean are convinced that a unilateral approach to security is better suited for its purpose Message 18858535
It goes to reason that there is nothing quite like alarm to energize action, take for example Hong Kong, we will be busy over this long weekend Message 18858532
Chugs, Jay |
